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Developer Hopes to Turn Parking Lot into $500M Casino

PHILADELPHIA-Developer Ken Goldenberg calls his Market8 casino project “a once-in-a-generation opportunity to profoundly transform an enormous swath of the city and one of its most important corridors.”

By John Jordan | Updated on February 11, 2013

PHILADELPHIA-Developer Ken Goldenberg calls his Market8 casino project “a once-in-a-generation opportunity to profoundly transform an enormous swath of the city and one of its most important corridors.”

Goldenberg, founder, president and CEO of the Goldenberg Group based in Blue Bell, PA, detailed plans last week for his $500-million project at Eighth and Market streets that would include a casino, 12-story-hotel, concert hall, dance club and restaurants, according to The Inquirer. The property is currently a parking lot owned by the developer, who hopes his venture will revitalize that section of the city that is in need of new development.

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